Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Receives Consensus Rating of “Hold” from Analysts

Shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 168 out of 256 based on the ratings given to its competitors.

Several brokerages recently commented on FMAO. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Monday, May 6th.

Shares of FMAO traded up $0.38 during midday trading on Wednesday, reaching $29.28. The stock had a trading volume of 19 shares, compared to its average volume of 29,939. The company’s 50 day simple moving average is $28.84. Farmers & Merchants Bancorp, Inc. has a one year low of $26.68 and a one year high of $48.60. The stock has a market cap of $320.99 million, a price-to-earnings ratio of 17.27 and a beta of 0.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last announced its earnings results on Friday, April 26th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.08). The company had revenue of $15.47 million for the quarter, compared to the consensus estimate of $15.90 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.16% and a net margin of 23.20%. As a group, analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Monday, June 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, June 14th. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio is currently 35.71%.

A number of hedge funds and other institutional investors have recently bought and sold shares of FMAO. BKD Wealth Advisors LLC bought a new stake in Farmers & Merchants Bancorp, Inc. (OH) in the 2nd quarter valued at about $4,808,000. American Century Companies Inc. bought a new stake in Farmers & Merchants Bancorp, Inc. (OH) in the 4th quarter valued at about $343,000. Jane Street Group LLC bought a new stake in Farmers & Merchants Bancorp, Inc. (OH) in the 4th quarter valued at about $201,000. Geode Capital Management LLC boosted its holdings in Farmers & Merchants Bancorp, Inc. (OH) by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 87,938 shares of the financial services provider’s stock valued at $3,384,000 after purchasing an additional 5,111 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Farmers & Merchants Bancorp, Inc. (OH) by 47.9% in the 4th quarter. Rhumbline Advisers now owns 12,116 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 3,925 shares during the period. 15.82% of the stock is owned by hedge funds and other institutional investors.

About Farmers & Merchants Bancorp, Inc. (OH)

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposit; and custodial services for individual retirement accounts and health savings accounts.

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